(Fixes day from Tuesday to Monday) JAKARTA (Reuters) -Indonesia state airline Garuda Indonesia on Monday announced a capital injection from the asset management arm of sovereign fund Danantara Indonesia. (Reporting by Stanley Widianto and Bernadette Christina; Editing by Tom Hogue)
LONDON (Reuters) -The World Bank lifted its 2025 growth projection for China to 4.8% and raised its forecast for much of the region, but warned of slowing momentum next year, citing low consumer and business confidence and weak new export orders. Publishing its biannual economic outlook for East Asia and the Pacific region on Tuesday, …
World Bank lifts China 2025 GDP forecast to 4.8% ahead of a slowdown next year Read More »
By Forrest Crellin PARIS (Reuters) -The International Energy Agency on Tuesday cut its global forecast for renewable power growth by 2030 by 900 gigawatts from last year’s outlook, citing weaker prospects in the United States and China, even as solar power continues to drive record additions. Global renewable power capacity is now expected to rise …
IEA trims renewables outlook as US policy shifts and China auction reforms weigh Read More »
(Reuters) -China, the world’s largest crude oil buyer, is adding eleven new oil reserve sites this year and next as Beijing accelerates stockpiling the strategic commodity to safeguard supply security, according to public sources reviewed by Reuters. Three of the 11 sites are inland, in northern Shaanxi province and southwest Yunnan, while the rest are …
Factbox-China adding 11 new oil reserve sites in 2025 and 2026 Read More »
(Reuters) -China is building oil reserve sites at a rapid clip as part of a campaign to boost crude stockpiles that increased in urgency after Russia’s Ukraine invasion upended global energy flows and has accelerated this year, according to public data, traders and industry experts. State oil companies including Sinopec and CNOOC will add at …
Analysis-China accelerates oil reserve site build amid stockpiling drive Read More »
JAKARTA (Reuters) -Indonesia took another step towards launching biodiesel containing 50% palm-oil based biofuel (B50) by concluding laboratory tests, an energy ministry official said on Tuesday, as the country aims for implementation next year. Palm-oil based biodiesel is currently mandated at 40% blend (B40) but Indonesia wants to increase the level to reduce its reliance …
Indonesia takes another step towards B50 biodiesel Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japanese Finance Minister Katsunobu Kato said on Tuesday that the government will be vigilant for volatile movements on the currency market, as the yen slid to two-month lows past 150 to the dollar amid rising fiscal concerns. “It’s important for currencies to move in a stable manner reflecting fundamentals,” Kato …
Japan finance minister warns against forex volatility as yen weakens Read More »
By Yoshifumi Takemoto and Leika Kihara TOKYO (Reuters) -Sanae Takaichi, who is expected to become Japan’s next prime minister, chose former premier and party heavyweight Taro Aso on Tuesday as vice president of her ruling party, a move some analysts saw as a restraining force against big fiscal spending. Takaichi also chose former finance minister …
Japan’s Takaichi picks ex-premier Aso as party vice president Read More »
By Mikhail Flores and Karen Lema MANILA (Reuters) -Philippine annual inflation quickened for a second month, but it was still below the central bank’s 2% to 4% comfort range for the year, reinforcing expectations that a policy decision this week will be a close call between cutting rates and pausing. The consumer price index rose …
Philippines annual inflation quickens for second month as markets eye close rate call Read More »
MANILA (Reuters) -Philippine annual inflation was1.7% in September, above the previous month’s 1.5% rate, the statistics agency said on Tuesday. Economists in a Reuters poll had expected annual inflation to pick up to 2.0% in September. (Reporting by Mikhail Flores and Karen Lema; Editing by John Mair)
